| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $112M | $105M | 3.7% | 10.1% |
| Op. Income | $17M | $14M | $12M | 24.9% | 38.8% |
| Gross Margin | 61.0% | 58.1% | 56.2% | 2.9pp | 4.8pp |
| Net Margin | 10.5% | 8.6% | 8.8% | 1.9pp | 1.7pp |
| EPS (Diluted) | $0.69 | $0.54 | $0.52 | 27.8% | 32.7% |
| Free Cash Flow | -$18M | $34M | $22M | -152.3% | -179.3% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $329.0K |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $33M |
| Operating Expenses | $54M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $17M |
| Interest Income | $94M |
| Interest Expense | $37M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $7M |
| EBIT | $17M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $329.0K |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $33M |
| Operating Expenses | $54M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $17M |
| Interest Income | $94M |
| Interest Expense | $37M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $7M |
| EBIT | $17M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | -$2M |
| Stock-Based Compensation | -$151.0K |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $515M |
| Sales/Maturities of Investments | -$566M |
| Other Investing Activities | -$193M |
| NET CASH FROM INVESTING | -$258M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | -$58.0K |
| Common Dividends Paid | -$877.0K |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $99M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$331M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $774M |
| Net Receivables | $32M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $815M |
| PP&E (Net) | $80M |
| Goodwill | $36M |
| Intangible Assets | $8M |
| Long-Term Investments | $6.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.2B |
| TOTAL NON-CURRENT ASSETS | $124M |
| TOTAL ASSETS | $7.5B |
| Account Payables | $0 |
| Short-Term Debt | $73M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.1B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $142M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $533M |
| TOTAL NON-CURRENT LIABILITIES | $720M |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $18M |
| Additional Paid-In Capital | $353M |
| Retained Earnings | $457M |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $658M |
| Minority Interest | $0 |
| TOTAL EQUITY | $658M |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $260M |
| Net Debt | $251M |
